Pakistan has assured the International Monetary Fund of bringing the real estate sector into the tax net, sources said as the talks between the two sides for the last tranche of $1.1 billion under the stand-by arrangement enter the final round. Under the plan, all housing societies would be registered …
KARACHI: Turbulence and uncertainty marred the outgoing week at Pakistan Stock Exchange (PSX), as the market underwent a bearish spell by closing four out of five sessions in the red. Uncertainty about securing a new, longer-term loan package in negotiations with the International Monetary Fund (IMF) kept the KSE-100 index …
The International Monetary Fund (IMF) has called upon Pakistan to revisit the National Finance Commission (NFC) award with the provinces. This demand came during the second day of talks between Pakistani officials and the IMF under the second review of the $3 billion standby arrangement (SBA). Article 160 of the …
The finance ministry and a delegation of the International Monetary Fund (IMF) on Thursday kicked off the second and last review of Pakistan’s $3 billion standby arrangement with the body. The ministry had said a day ago the review would be a four-day affair and hoped for a for a …
ISLAMABAD: The International Monetary Fund (IMF) on Thursday called upon Pakistan to reopen discussions on the National Finance Commission (NFC) award, seeking to address the ongoing imbalance in the distribution of fiscal resources between federal and provincial governments. During the opening round of discussions for a $1.1 billion loan tranche, …
The Finance Ministry will begin talks with a delegation of the International Monetary Fund from today (thursday) to finalise the second review of the stand-by agreement. The IMF team reportedly arrived in Pakistan on Wednesday night and will meet Pakistan’s delegation, led by Minister Muhammad Aurangzeb, at the Q-Block for …
Pakistan’s new Finance Minister Muhammad Aurangzeb has confirmed that the country will look to the International Monetary Fund for an Extended Fund Facility. He also said that the policy rate will come down as inflationary pressures ease. Speaking to media representatives for the first time since assuming office, Aurangzeb said …
Pakistan and International Monetary Fund (IMF) talks under the $3 billion Stand-By Arrangement (SBA) are likely to commence from March 15. As per details, the country’s newly sworn-in Finance Minister Mohammad Aurangzeb has given the green signal for talks with the IMF for the SBA and a new loan programme. …
The country’s newly sworn-in Finance Minister Mohammad Aurangzeb confirmed that Islamabad’s talks with the International Monetary Fund (IMF) under the $3 billion Stand-By Arrangement (SBA) are likely to commence this week. He said that with the government to send a formal request to the monetary body to cushion Pakistan’s dwindling …
KARACHI: Pakistani currency on Friday hit a four-and-a-half-month high at Rs279.04 against the US dollar in the inter-bank market where it extended its uptrend for the second consecutive day. The latest, meaningful increase in the rupee value came in the wake of International Monetary Fund’s (IMF) positive response to Pakistan …